I own all three scopes: Elite 4200, Zeiss Conquest, VX-III. And also Nikon Monarchs.
Yes, the Zeiss conquest is an excellent scope - no question about it. However, the same holds true for the other 3 makes. I'm not sure how much better, if any, the Conquest is over the Monarch, VX-III, and Elite 4200, if any. But, in my personal experience, I would not say that the Zeiss blows away the others that I mentioned.
Now, if you are talking about a Leupold VX-II, Nikon Buckmaster, Elite 3200, then yes, I would agree that the Conquest blows them away.
Zachary